Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - China’s Silk Road funds may spell better roads

China’s Silk Road funds may spell better roads

The Cambodian government is hopeful that China’s recently announced Silk Road funding plan will boost the Kingdom’s public infrastructure development.

During talks with leaders from Bangladesh, Cambodia, Laos, Mongolia, Myanmar, Pakistan and Tajikistan on Saturday, Xi Jinping, China's president, announced the $40 billion New Silk Road initiative. The initiative aims to improve the participating countries’ road, railway, air and sea connectivity.

“The funding will be provided in both grants and loans,” Chheang Vun, CPP lawmaker and chairman of the Foreign Affairs Committee of National Assembly, said.

“We need capital for the country’s development. Investors will come to Cambodia once infrastructure like roads, electricity and other public services are improved.”

Srey Chanthy, an independent economic analyst, said the funding would certainly assist Cambodia’s development, however it was also a clear attempt by China to reach a bigger market for their products.

“Better infrastructure will help cut down production cost making Cambodia a competitive place for investment,” he said.

0

Comments

Please, login or register to post a comment

Latest Video

Keo Mom, director of LY LY Food Industry, on being a businesswoman in Cambodia

Mrs Keo Mom is the director of LY LY Food Industry as well as the head of the Cambodia Women Enterpreneurs Association.

Bodies of Cambodian peacekeepers returned to Kingdom

The bodies of four Cambodian peacekeepers killed by a Christian militia in Central African Republic were repatriated to the Kingdom and honoured in an airport ceremony on May 21.

CNRP commune chief candidate Khum Rany photographed near her family home.

In sleepy Sre Preang town in Preah Vihear province, two abandoned bulldozers sit on either side of the street in front of Brame Commune Hall.

CNRP spokesperson Yim Sovann seen speaking at an event in a photograph posted on his Facebook page. Facebook

In response to a CNRP request to allow garment workers to take a day off on the Monday after the June 4 commune elections, the National Election Co